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Dave Ramsey

πŸ‘€ Speaker
See mentions of this person in podcasts
369370 total appearances
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Appearances Over Time

Podcast Appearances

The Ramsey Show
Debt Is Not A Problem Solving Tool - Financial Peace Is

You need it for a few hours to dig the ditch, dig the hole, and then you drop it back off at Sunbelt.

The Ramsey Show
Debt Is Not A Problem Solving Tool - Financial Peace Is

or whoever you're renting it from.

The Ramsey Show
Debt Is Not A Problem Solving Tool - Financial Peace Is

And that's what people in the construction business do all the time instead of buying $60,000 backhoes.

The Ramsey Show
Debt Is Not A Problem Solving Tool - Financial Peace Is

Yeah, I don't know.

The Ramsey Show
Debt Is Not A Problem Solving Tool - Financial Peace Is

I don't know the idea that some, well, you have to pull it out because it's taxable.

The Ramsey Show
Debt Is Not A Problem Solving Tool - Financial Peace Is

So it's technically out of the business.

The Ramsey Show
Debt Is Not A Problem Solving Tool - Financial Peace Is

If it's an LLC or a sub S, which it should be, it's 100% taxable.

The Ramsey Show
Debt Is Not A Problem Solving Tool - Financial Peace Is

And so it's out, even if it's sitting in the business account.

The Ramsey Show
Debt Is Not A Problem Solving Tool - Financial Peace Is

Ramsey, my money here.

The Ramsey Show
Debt Is Not A Problem Solving Tool - Financial Peace Is

If I make a profit here, just because I leave it in the Ramsey account doesn't help me.

The Ramsey Show
Debt Is Not A Problem Solving Tool - Financial Peace Is

I still got to pay taxes on it.

The Ramsey Show
Debt Is Not A Problem Solving Tool - Financial Peace Is

Right.

The Ramsey Show
Debt Is Not A Problem Solving Tool - Financial Peace Is

I mean, the federal government still comes and takes a chunk of my butt.

The Ramsey Show
Debt Is Not A Problem Solving Tool - Financial Peace Is

And so, you know, I didn't really leave it in the business.

The Ramsey Show
Debt Is Not A Problem Solving Tool - Financial Peace Is

It's just after taxes or some money still sitting here.

The Ramsey Show
Debt Is Not A Problem Solving Tool - Financial Peace Is

But it could be sitting at home.

The Ramsey Show
Debt Is Not A Problem Solving Tool - Financial Peace Is

It can be sitting here.

The Ramsey Show
Debt Is Not A Problem Solving Tool - Financial Peace Is

Right.

The Ramsey Show
Debt Is Not A Problem Solving Tool - Financial Peace Is

It doesn't matter.

The Ramsey Show
Debt Is Not A Problem Solving Tool - Financial Peace Is

The only reason I would leave it sitting here is if I'm getting ready to spend it on something inside the business.